The lock enables "hands-free" access with ensured security to simplify and hasten the user's entry. Using advanced recognition technology, access codes, and combinations of Wi-Fi and Bluetooth, the smart lock grants access to approved users without the added hassle of searching for keys or your smartphone to unlock the door.

Teodoor is using Bluetooth 5 technology for greater stability, promising fast and reliable wireless connectivity with increased range. Once a user is within 100 feet of the door with their smartphone, he or she will be recognized through the Teodoor app via Bluetooth, and once the user is within five to ten feet from the door, the smart lock will unlock the door.

Antonio Villas-Boas for Business Insider: Nest, the struggling connected-smart-home company bought by Google's parent company, Alphabet, in 2014, will expand its range of smart-home products with new and updated devices you can control from apps on your mobile devices, according to Bloomberg's Mark Gurman.
Those new products include a home-security alarm system with window and door sensors, a key fob for arming and disarming your alarm, and a smart doorbell with a camera.
The news comes after a tumultuous period at Nest, during which the cofounder and CEO, Tony Fadell, resigned amid criticism of his management style and a lack of new products.
The new products would give Nest a more complete presence in the smart-home ecosystem, instead of forcing users to mix devices from a variety of companies. Cont'd...

According to global information provider, The NPD Group, annual 2016 U.S. dollar sales of home automation products experienced growth of 57 percent versus 2015. Security and monitoring products continued to lead the category, making-up over 60 percent of dollar share. Smart entry devices, such as smart doorbells, saw an increase in dollar and unit sales of 171 percent and 206 percent, respectively, when compared to the year prior, according to NPD's Retail Tracking Service.
While awareness levels of many smart home devices have fluctuated, smart doorbells are an item within the smart entry space that saw growing awareness and ownership. Smart doorbell awareness increased four percentage points, and ownership increased two percentage points, according to the Connected Home Automation Report from NPD's Connected Intelligence.
Networked video cameras continue to be the most common component of today's smart home, as nearly one-third of smart homes have this feature installed. In fact, over the last year consumer demand for multi-packs of IP cameras has increased 129 percent in U.S. dollar sales versus 2015*. Full Press Release:

Andrew Burger for TeleCompetitor: Travelers are more willing to make a reservation for short-term rental housing if the housing has smart home features, according to a rentals and smart home survey conducted by Edelman Intelligence for smart home products provider August Home, Inc.
Eighty percent of vacation guests and 92% of business travelers said they would be more likely to complete a reservation for short-term accommodation rentals that were equipped with smart home technology, such as smart door locks, lighting, smart TVs, entertainment systems and doorbell cameras. Cont'd...

August Home, Inc., today announced August Access, a first-of-its-kind platform that provides secure, trusted home access via the August Smart Lock for top service providers, including home repair, delivery, shipping, cleaning, elderly care, dog walking, among others. To enable this, the company unveiled a new line of products: the August Smart Lock - HomeKit enabled, the August Smart Keypad, and the August Doorbell Cam.
August’s goal has always been to build products and services that enable people to monitor and manage entry into their homes from wherever they are, making life simpler and more secure. These new products, along with August Access, create a cohesive system that revolutionizes the way people interact with their homes, removing the barriers that currently exist with home delivery services and overall access, while providing total visibility, control, and increased security to the front door.
Full Press Release:

CADE METZ for Wired: Today, Yale, the company, unveiled a digital lock that taps into the “smart home” system designed by Nest. The Google-owned Nest makes Internet-connected thermostats, security cameras, and smoke detectors that also handle carbon monoxide, but that’s not all. It also offers a variety of tools that let other companies connect their own devices with the various Nest gadgets. The idea is that you can control all these devices with a single smartphone app—and that each device can talk to the others. You can, say, set your security camera to start recording when someone opens your door lock—or program your door lock to say something when you step into a house full of carbon monoxide.
But the new Yale lock, dubbed Linus, is a little different from other devices. It’s the first third-party device designed to communicate with Nest gadgets directly, via a wireless network set up inside your home. Previously, such devices could only reach Nest gear in a roundabout way, over the Internet. And this has its drawbacks. Cont'd...

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